1 week ago
19
Professional Capital Management founder and CEO Anthony Pompliano revealed on Cavuto: Coast to Coast that the president-elect, Donald Trump, holds Bitcoin and “loves it”. Pompliano attributed the surge to the leadership of a pro-Bitcoin president who has vowed to protect the rights of its investors.
He described this unprecedented stance as a game-changer for economic policy in the White House. According to Pompliano, this marks a significant shift in how the U.S. approaches digital assets and financial innovation.
A Pro-Bitcoin Donald Trump Turns Up Strategic Reserves
Anthony Pompliano, a founder and chief executive officer at Professional Capital Management, recently appeared on Fox News to give his thoughts on the new president-elect Donald Trump. As he said, Donald Trump is for Bitcoin to such a degree that it could redefine how the US approaches cryptocurrency and digital asset markets.
We have a very pro-Bitcoin president who has promised protection for the rights of Bitcoiners, said Pompliano. He explained this was a first-of-its-kind approach that would transform economic policies at the White House.
He stated Donald Trump holds BTC and intends to build a strategic reserve for the United States. “This is a flag being planted in the ground,” Pompliano said, predicting the reserve would be built within 100 days.
He attributed this move to global interest, especially among central banks seeking the ultimate store-of-value asset. Pompliano highlighted Bitcoin’s 15-year history of proving its value as its price continues to rise steadily upward. He described Bitcoin as a “global alarm system” warning of looming shocks to traditional financial systems.
Politicians have added over $850 billion to national debt in the past three months alone. At that time, BTC was up about 40%. “If we compare the rise in national debt with BTC’s growth, both are racing skyward. But this largest cryptocurrency is poised to win that race,” Pompliano said. With him agrees Fundstrat Head of Research Tom Lee who recently suggested BTC as a “potential Treasury reserve asset” that could play a unique role in managing national debt.
He also revisited his once-controversial forecast of BTC reaching $100,000 and claims now it’s a matter of when not if.
Wall Street FOMO Driving Bitcoin Momentum
Pompliano also discussed BTC’s incredible price action, which recently saw the asset climb almost to $90,000 in one day. “Bitcoin had one of its most impressive days in history yesterday, rising over 13%,” he said.
Curiously, this price action didn’t result from big news but rather from Wall Street realizing it was under-allocated to the largest cryptocurrency. For example, it was trading at $76,000 when the US markets closed last week and jumped to the all-time-high of $89,933 by Monday evening. That spike speaks to one of the big structural disparities: even as the U.S. stock market is closed for a big chunk of the week, it trades 24/7.
“That creates an interesting dynamic,” Pompliano said. Wall Street investors often miss weekend price action and scramble on Monday to catch up with market changes.
This behavior, combined with Bitcoin’s 24/7 trading, highlights the asset’s resilience and growing dominance. Pompliano views this momentum as proof of Bitcoin’s strength as a non-correlated asset, unaffected by traditional market rules.
He predicts institutional capital will drive further growth, forcing Wall Street to focus more on Bitcoin. The new pro-Bitcoin head of state unlocks enormous potential for BTC as a strategic reserve and global financial force. Wall Street increasingly focuses on the asset, recognizing its growing importance.
The post Anthony Pompliano Reveals Donald Trump Owns Bitcoin appeared first on CoinGape.
English (US) ·